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20121201
20121231
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and the president to get their act together. the president took a red eye flight back from hawaii. why did congress and the president go on raication at all. >> yeah, we all go to work. >> there is nothing on the table . kelley. >> a lot of people feel they are left in the lurch by the president and congress. and they didn't get the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these numbers and you go up to 120,000 . you will see 31 percent up to 36 percent . in these tax rates as they climb up. >> here's the bottom line. average tax rate of 2,000 to $4000. it is an additional 13,944 . millionaire's status whi
's flight is cancelled. >> gretchen: we'll talk about that. say aloha in hawaii. president obama will return early from his family's vacation and get back to worth work on the fiscal cliff. peter doocy is live with more on the vacation cutting his vacation short. >> the president will get one more full day of sunshine in hawaii befored hading back to dc. air force one is expected to leave 10:00 p.m. where he is. 3:00 a.m. eastern time and that will get him back thursday morning where he & and speaker boehner need to figure out how to bridge a 400 million dollar gap in their positions to avoid the fiscal cliff. the last time we heard from the president, he thought a break would benefit and bring lawmakers together. to make a difference >> everybody can cool off and drink egg nogand have christmas cookies and sing christmas carrolls and enjoy the company of loved ones and ask every member of congress when they are back home to think about that. think . obligations of people who cent us here. >> speaker boehner is expected to return to dc any time he with drew the republican plan b deal that ex
. >> reporter: it feels like it, the president is in hawaii and congress is out of town and the fiscal cliff negotiations are on hold for the holidays with no agreement in sight. john boehner is throwing the ball in the democrats' court saying the debt is too high, spending out of control and taxes should not go up. in the g.o.p.'s weekly address, he accused the president and the democrats of refusing to accept a reasonable compromise. >> the best way to address our crippling debt is to make significant spending cuts and fix our tax code. to pave the way for long term growth and opportunity. this is an approach most americans support and remains republicans' highest priority. but we only run the house. democrats continue to run washington. >> reporter: the president left town for his traditional christmas in hawaii and he and his family arriving there this morning and he has gotten in a round of golf already. before leaving the white house, he stayed back hayes spe-- scal back his expectations, and he said it is time for compromise. >> president barack obama: we move forward together sore we
to hawaii. he never followed through on that. instead police say he put a hockey mask on and headed toward the clackamas town center mall on tuesday afternoon. ended up killing a dedicated hospice nurse and respected former radio executive. critically wounded a 15-year-old girl before he finally committed suicide. it all brings us right to dan simon. he's live from suburban portland this morning. what else do we know about jacob roberts? >> reporter: well, good morning, soledad. his name surfaced less than 24 hours ago so it's still a bit early in the investigation. but the things that you would typically look at, his family life, you know, where he works, his relationships, haven't seen really any obvious signs. investigators say they haven't found a criminal history, no violent past. so at this point things don't really add up. people have been trying to look at his facebook page, esee if there are any clues there. there is a piece of artwork on his facebook page saying follow your dreams. the word "cancelled" stamped over it. could that suggest anything? at this point we don't know that
morning. >> reporter: well, good morning, rebecca. the president boarded air force one in hawaii early this morning and headed back to washington to deal with the so-called fiscal cliff. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, the president wants congress to take the lead in getting the job done. the senate convenes later today and majority leader harry reid has told members to be prepared to work on fiscal cliff issues through the weekend. reid is working on his own plan to get members to come together before the end-of-the-year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short-term spending cuts instead of the massive cuts that would occur if there is no deal. after a wednesday conference call, house republican leaders issued a statement saying they're waiting for the democratic-controlled senate to act. adding to an already volatile situation, treasury secretary tim geithner in a lette
his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the lo
, when the president is supposed to head to hawaii on his christmas vacation, all of this could slide. the real deadline is the end of the year, but they really need to strike a deal by christmas. and even doing that, have been waiting as long as that is something that could really roil the market. so it's also important that they do it before then, ted. >> yeah, well, hopefully the threat of missing their vacation will push them to work harder. >> it works sometimes. >> sure. brianna keilar for us this morning at the white house. brianna, thank you. this morning, some calming words on syria amid fears that the crumbling regime there could unleash chemical weapons on its own people, just days after the u.s. and other countries warned embattled president bashar al assad against such action. defense secretary leon panetta says syria may be backing away from that threat. here is what panetta said earlier this morning aboard a flight to kuwait city. >> we haven't seen anything new indicating, you know, any aggressive steps to move forward in that way. but we continue to monitor it very cl
that you're on of the they were upset that they went on christmas vacations. the president went to hawaii and members of congress went home. both sides said we're going to come back to washington because we've got to solve the situation. i think what so many people are frustrated about is this is an ongoing situation. it's like every year we come to this point where we're talk being this cliff and this is what i think has angered so many voters and why congress has such a low approval rating. >> rick: they also got to this point because of their last time they did this. it was the last debt creating fight that deleted this thing. now they gave themselves an amount of time to work on it you and thought maybe last week there was a little progress being made. turns out there is not. we're back to exactly where we started at and we're eight days out now. >> clayton: you're right about that 'cause senator baucus, even back around thanksgiving, the senator from month month said oh, this is not going to get done, around thanksgiving. he said we will wait, as congress does, this will come to the
ii growing up. >> i had extended family who were in hawaii a short time ago who were veterans who were at pearl harbor managed to sleep in on that sunday morning and missed it by about an hour. >> i was name and my son is named after my uncle eric bolling shot down south pacific. body never found. everyone has a tie to that generation. >> he is proud you are carrying on his name. >> yes, sir. >> take a look at your northern plains, still warm across parts of the south. southeast is going to be well above your averages. that's to the south of this front. to the north of it just have scattered showers, scattered snow showers across parts of michigan and heading in towards canada. it's going to be mostly rain at least for now though across areas of the ohio valley northeast two or three days. developing system across the northern rockies. doesn't look like. now. measurable and plowable snow across minnesota by the time we get towards sunday afternoon. we do have blizzard warnings in effect. we will be very windy across parts of the dakotas. heaviest of the snow storm warning across w
was in hawaii. this is 15 minutes. >> you will excuse me if i am frustrated in the situation i find myself in. president obama, self and others and asked if there was something we could do to avoid in the fiscal clef. we have been asking the president and the democrats to work with us on a bipartisan agreement for months. a plan that would simplify the tax code, st. the deficit, protect the tax payers, and put the economy. democrats consistently rejecting the offer is. the president chose instead to spend time on the campaign trail. this was after he got reelected. a congressional democrats said on their hands. we have stepped away out of our comfort zone. we wanted an agreement. we had no takers. the phone never rang it. here we are five days after the new year and we might finally start talking. democrats have had a year to put forward a balanced bipartisan proposal. if they had something that fixed the bill, i'm sure the majority leader would have to deliver the votes the president needed to pass it again to of the senate and we would not be and then to of this miss. here we are, once agai
Search Results 0 to 9 of about 10